NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of ReneSola Ltd. (“ReneSola” or the “Company”) (NYSE: SOL). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether ReneSola and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On December 2, 2021, Grizzly Research (“Grizzly”) published a research report on ReneSola entitled “We believe ReneSola is a Fraudulent Company; Most Projects Never Existed.” Citing “on the ground due diligence, ﬁlings review, and communications with local municipalities in Europe”, The Grizzly report alleged, among other things, “that ReneSola has been vastly misrepresenting its project development pipeline.”
On this news, ReneSola’s stock price fell $0.50 per share, or 7.62%, to close at $6.06 per share on December 2, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980